Is This Growth Stock a Sure Bet for a Rebound?
Electronic betting platform (NASDAQ: DKNG) has seen a bit of a revival, with shares up more than 110% since January. While that's a cause for celebration, the stock is still down more than 60% from its former highs, so there's a ways to go for investors who bought at higher prices.
So are DraftKings shares on the rise or is the stock's run bound to run out of steam? Management is pushing to bring the company to positive non-GAAP EBITDA by next year, and the prime betting season -- when football resumes in the early fall -- is months away.
That could bode well for the business, but survival doesn't guarantee investment returns. Investors would be wise to consider some red flags in DraftKings that remain, despite the stock's recent rally.
Source Fool.com
DraftKings Inc. Stock
Currently there is a rather positive sentiment for DraftKings Inc. with 60 Buy predictions and 6 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 14.26% for DraftKings Inc. compared to the current price of 40.26 €.
